NOT LISTED FOR SALE

1421 W Franklin St Elkhart, IN 46516

First Neighborhood

Estimated Value: $88,000 - $105,255

3 Beds
1 Bath
1,384 Sq Ft
$68/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $85,000 $61 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $687/month

13 Days on Market

Highlights

  • 2 Car Detached Garage
  • Level Lot
  • 5-minute walk to Nadel Tot Lot
  • Forced Air Heating System
  • Carpet

About This Home

As of October 2023

Excellent investment property located centrally in Elkhart, just a stone's throw from Elkhart General Hospital! Currently tenanted with lease until 3/31/24 at $900 per month. Home has new refrigerator (2021), a new toilet (2022) and new bathroom flooring (2023), a new water heater (2021), and all new bedroom doors (2023). Furnace was serviced in 2022. Tenant pays for all utilities and takes care of lawn care and snow removal. Tenant subject to tenant rights. Showings start no earlier than Tuesday, August 22, 2023 Can be sold in a package deal with up to 9 other homes including one duplex, so 10 doors total in addition.

Last Agent to Sell the Property

Amy Warner

Berkshire Hathaway Home Services Elk2 Brokerage Phone: 574-596-6856 Listed on: 08/19/2023

Berkshire Hathaway Home Services Elk2

Last Buyer's Agent

Lisa Collio

RE/MAX Results-Goshen

RE/MAX Results-Goshen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,516

Year Built

  • Built in 1900

Lot Details

  • 8,843 Sq Ft Lot
  • Lot Dimensions are 66 x 134
  • Chain Link Fence
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Michigan Basement
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Electric Dryer Hookup

Schools

  • Mary Daly Elementary School
  • West Side Middle School
  • Elkhart High School

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 20-06-07-276-004.000-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,516

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 123
  • Style: Two Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Kraus Lot 32.
  • Parcel Number ID: 20-06-07-276-004.000-012
  • Platted: Yes
  • Amenities: Detector-Smoke, Dryer Hook Up Electric, Main Floor Laundry
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1872
  • Total Finished Sq Ft: 1384
  • Above Grade Finished Sq Ft: 1384
  • Below Grade Sq Ft: 488
  • Price Per Sq Ft: 61.42
  • Basement: Yes
  • Basement Foundation: Michigan Basement, Partial Basement
  • Flooring: Carpet, Vinyl
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 12x11, On Level: Upper
  • Bedroom 3: Dimensions: 10x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 488

Exterior Features

  • Exterior: Brick, Vinyl
  • Outbuilding1: None
  • Fence: Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x25
  • Garage Sq Ft: 550
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Daly
  • Middle School: West Side
  • High School: Elkhart
  • Elementary School: Mary Daly

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66 X 134
  • Estimated Lot Sq Ft: 8843
  • Estimated Lot Size Acres: 0.203

Tax Info

  • Annual Taxes: 1516

MLS Schools

  • High School: Elkhart
  • Middle School: West Side
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2023
Closed on
Oct 12, 2023
Sold by
Sb Homes Llc
Bought by
Lopez Miguel
Seller's Agent
Amy Warner
Berkshire Hathaway Home Services Elk2
Buyer's Agent
Lisa Collio
RE/MAX Results-Goshen
List Price
$85,000
Sold Price
$85,000
Views
71
Current Estimated Value
$101,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,484
Avg. Annual Appreciation
4.68%
Original Mortgage
$63,750
Outstanding Balance
$62,795
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$29,714

Purchase Details

Closed on
Aug 12, 2022
Sold by
Sbh4 Llc
Bought by
Sb Homes Llc

Purchase Details

Closed on
Oct 4, 2019
Sold by
P O M Properties Inc
Bought by
Sbh4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2006
Sold by
The Richard E Rohrer Revocable Trust
Bought by
Michiana Investment Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Miguel $85,000 Fidelity National Title
Sb Homes Llc -- Fandre Scott J
Sbh4 Llc -- Meridian Title
Michiana Investment Properties Llc -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Miguel $63,750
Previous Owner Sbh4 Llc $720,000
Previous Owner Michiana Investment Properties Llc $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $85,000 0.0% $61 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/19/2023 08/19/23 For Sale $85,000 -- $61 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,513 $79,700 $19,400 $60,300
2022 $1,513 $74,800 $19,400 $55,400
2021 $1,522 $74,300 $19,400 $54,900
2020 $1,473 $67,500 $19,400 $48,100
2019 $1,275 $58,600 $16,000 $42,600
2018 $742 $33,600 $5,900 $27,700
2017 $744 $33,600 $5,900 $27,700
2016 $742 $33,600 $5,900 $27,700
2014 $672 $31,500 $5,900 $25,600
2013 $658 $32,900 $19,400 $13,500
Source: Public Records

Agents Affiliated with this Home

  • Amy Warner

    Seller's Agent in 2023

    Amy Warner

    Berkshire Hathaway Home Services Elk2

    (574) 904-7341

    2 in this area

    48 Total Sales

    Section Image
  • Lisa Collio

    Buyer's Agent in 2023

    Lisa Collio

    RE/MAX

    (574) 370-5410

    2 in this area

    93 Total Sales

    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202329944

Indiana Regional MLS

APN: 20-06-07-276-004.000-012

Indiana Elkhart County Elkhart 46516 First

1421 W Franklin St, Elkhart, IN

This home is located at 1421 W Franklin St, Elkhart, IN 46516 since 19 August 2023 and is currently estimated at $93,752, approximately $67 per square foot. This property was built in 1900. 1421 W Franklin St is a home located in Elkhart County with nearby schools including Mary Daly Elementary School, West Side Middle School, and Elkhart High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes